The world of cryptocurrency sees Bitcoin under pressure lately, while new altcoin projects are gaining attention. Toncoin, backed by Telegram, is getting noticed due to the Notcoin airdrop event, while RNDR, focusing on AI, is also making strides. Let’s delve into what’s next for these alternative cryptocurrencies.

Toncoin Analysis:

Toncoin (TON) is trying to surpass the $7.23 resistance level, but facing resistance from bears. However, bulls are preventing a significant drop below $7.23, which could pave the way for a breakout. If successful, the TON/USDT pair might challenge the $7.67 resistance. On the downside, the moving averages serve as crucial support, and a break below them could signal a consolidation phase between $4.72 and $7.67.

Both moving averages are trending upwards, and the RSI on the 4-hour chart is nearing overbought levels, indicating bullish momentum. Buyers aim to push above $7.23, while bears seek to pull below the EMA 20 average. A drop below could mean a move towards the SMA 50 average.

RNDR Analysis:

RNDR showed signs of ending a correction phase by moving above the moving averages on May 5th. Despite bears trying to resist near the $12 resistance, bulls are holding ground, indicating buying interest during dips. Bullish crossover of moving averages and a positive RSI signal bullish control.

A rise from current levels or a bounce back to the 20-day EMA at $9.59 could enhance the chances of surpassing $12, with a potential climb to $13.83. Conversely, a decline and break below moving averages would challenge this optimistic outlook in the short term.

Bears aim to push below the EMA 20 average, potentially weakening short-term bullish momentum, leading to a drop to the SMA 50 average. Buyers need to defend the EMA 20 average and breach the $12 resistance to sustain upward momentum.

In conclusion, Toncoin and RNDR are facing key resistance levels, with both bulls and bears vying for control. The movements in these altcoins will be closely watched to gauge future market trends.